36 USC 40510: Liability
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36 USC 40510: Liability Text contains those laws in effect on November 21, 2024
From Title 36-PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONSSubtitle II-Patriotic and National OrganizationsPart B-OrganizationsCHAPTER 405-CONGRESSIONAL MEDAL OF HONOR SOCIETY OF THE UNITED STATES OF AMERICA
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§40510. Liability

(a) Liability of Corporation.-The corporation is liable for the acts of its officers and agents acting within the scope of their authority.

(b) Immunity of Individuals.-A member or private individual is not liable for the obligations of the corporation.

( Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1335 .)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
40510(a) 36:801. Aug. 14, 1958, Pub. L. 85–642, §§9(a) (1st sentence words after last comma), 11, 72 Stat. 599 , 600.
40510(b) 36:799(a) (1st sentence words after last comma).